Crypto Liquidations Top $1.2 Billion, Is the Worst Over?

Coinspeaker2025/10/16 16:00

By:By Godfrey Benjamin Editor Julia Sakovich

Crypto liquidation recently topped $1.2 billion, affecting long traders the most. Meanwhile, the BTC price is currently hovering around $105,000.

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Key Notes

CoinGlass data shows that 308,750 traders were liquidated in the crypto industry.
Their liquidations ran to the tune of $1.20 billion, with long traders affected the most.
Bitcoin price is fast heading towards $100,000 amid cascading selloffs.

Over the last 24 hours, 308,750 traders were liquidated in the crypto industry and the total liquidations within this time came in at $1.20 billion.

These large liquidations are becoming a trend in the market. At this point, investors and traders are beginning to question the safety of their crypto investments.

Long Traders Impacted by Crypto Liquidations

CoinGlass liquidation heatmap for the last 24 hours shows that the largest single liquidation order happened on Hyperliquid HYPE $35.50 24h volatility: 4.4% Market cap: $9.62 B Vol. 24h: $870.29 M , with ETH-USD worth about $20.42 million liquidated.

Collectively, the total crypto liquidations from the listed exchanges summed up to $1.2 billion.

Flagship cryptocurrency Bitcoin BTC $107 028 24h volatility: 1.0% Market cap: $2.14 T Vol. 24h: $107.25 B led the liquidation at $414.55 million, with long traders being affected the most.

Precisely, short traders’ liquidations were valued at only $82.8 million, while long traders saw as much as $331.2 million in losses. Next was Ethereum ETH $3 831 24h volatility: 1.4% Market cap: $462.64 B Vol. 24h: $56.55 B with $268.83 million: long traders at $198.79 million and short traders at $70.04 million.

Crypto Liquidations Top $1.2 Billion, Is the Worst Over? image 0

Crypto market liquidations show more long trader offset. | Source: Coinglass

Solana SOL $183.8 24h volatility: 2.1% Market cap: $100.42 B Vol. 24h: $11.70 B , Dogecoin DOGE $0.19 24h volatility: 1.9% Market cap: $28.16 B Vol. 24h: $3.80 B , and XRP XRP $2.31 24h volatility: 2.1% Market cap: $138.40 B Vol. 24h: $8.42 B were all impacted by the huge liquidations.

The prices of these digital assets are struggling to pull off a recovery since Donald Trump’s October 10 China tariff announcement.

After losing support from $126,000, the BTC price has been struggling to remain above $110,000. However, the situation has worsened, and it is now trading at $105,094.03.

Judging by this situation, it does not look like the worst is over. Crypto enthusiasts, traders, and investors would have to endure until the macroeconomic outlook, especially US-China tariffs and rate cuts, are well defined.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38